Australian coking coal producers have regained their competitive advantage after a Free Trade Agreement inked between China and Australia in Brisbane on the afternoon of Nov 17th saw the immediate removal of the 3% duty on coking coal imports.
China will officially drop the 8% duty on Australian alumina imports, which has not been applied in recent years in any case, under the landmark Free Trade Agreement between the two countries announced Monday.
Ministry of Commerce of China released export quotas on a clutch of primary products and industrial metals in 2015. Most of the industrial products such as tin, antimony, indium and silver were still keeping the export quota policy except for tungsten and moly...
Tariffs of 3 per cent on anthracite and coking coal(HS code 27011100), 5 per cent on briquettes (HS code 27011900 and 27012000) and 6 per cent on other coals (HS code 27011210 and 27011290) were announced by the finance ministry on Oct 8th